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Refinance and Mortgage Encyclopedia - homeowners

Homeowners

Coverage for homes, including dwellingDwelling means any residential structure, whether or not attached to real property. It includes vacation coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy.. Protects owners and tenants against losses or damage to their residential propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. and provides protection against liabilityThis coverage will pay for BODILY INJURY and/or PROPERTY DAMAGE to the OTHER party for which you become claims by others suffering injury or damagesThe indemnity recoverable by a person who has sustained an injury, either in his or her person, property, while on such property.
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